Excavation at 50 Hudson Yards is nearing completion, and thanks to an aerial by Archartdescon, we can see that foundation work has also now commenced. Construction is advancing with incredible speed, and most of the site has been cleared since YIMBY’s last report in November. The pace isn’t too surprising when one considers the several excavators operating simultaneously. Related Companies is responsible for the Hudson Yards development.
Spanning an entire city block, 50 Hudson Yards will be the fourth largest commercial office tower and the most expensive one in New York City upon completion. Its total cost is expected to be just shy of $4 billion. Once complete, the 985-foot tall structure will yield 2.9 million square feet within. The building has already secured one anchor tenant, with BlackRock agreeing to lease 850,000 square feet.
Foster + Partners is responsible for the architecture.
50 Hudson Yards is the final tower to rise in Related Companies’ phase one of Hudson Yards. Phase Two, as known as The Western Yards, will be located across the several blocks between 11th and 12th Avenue. The seven-building development will create residential space, one office complex, and a school for K-8th grade education. Of the 6.22 million square feet created, two million square feet will be office, four million will be for residential use, 100,000 square feet will be retail, and 120,000 square feet will be for the school.
Some exploration on Google Maps can reveal how much the neighborhood has changed. The two-story McDonalds that used to occupy the area is perhaps the most amazing example of how rezoning can affect the city.
The lot has been in the news lately because of a dispute between Related Co. and the Building and Construction Trades Council of Greater New York. The tension has risen following the proposal to use “open shop” crews for phase two, according to The Real Deal.
Completion is expected by 2022.